Axion Spatial Imaging Announces Signing Letter of Intent With Ditek Software Corp.EDMONTON, Alberta--(BUSINESS WIRE)--June 23, 1999-- Axion ax·i·on n. A hypothetical boson having no charge or spin and small mass, proposed to explain the existence of certain symmetries of the strong nuclear force. [axi(al) + -on1.] Spatial Imaging Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:AXON), a leader in geographical data storage and retrieval technology, today announced the signing of a letter of intent with Ditek Software Corp. (CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. :DITK DITK Data Integration Toolkit ). Under the terms of the letter, the parties agree to enter discussions for the purpose of concluding a teaming agreement to develop DynaIMAGE. Axion is to add its world-class suite of image compression Noun 1. image compression - the compression of graphics for storage or transmission compression - encoding information while reducing the bandwidth or bits required , preparation and positioning through warping, image management, and the world's fastest image display tools to the CAD and GIS engines developed and marketed by Ditek. This is part of an overall development project for the development of embeddable GIS-based graphic engines and GIS/CAD-base software tools to be marketed worldwide under the name of DynaSUITE. The National Research Council has reviewed this project and is providing financial assistance. "With Axion, we found one of the best... Their imaging and raster tools will enable us to take our technology from traditional LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. environments to Internet-enabled spatial data warehousing," said Gus Ribeiro, Vice President of Technology, Ditek Software. Ditek Software Corp. develops, markets, and supports leading-edge computer-graphics software development engines and toolkits as well as industry specific, integrated software solutions. These include CADD (Computer-Aided Design and Drafting) CAD systems with additional features for drafting, such as dimensioning and text entry. CADD - Computer Aided Detector Design: a project to develop standards and methods to allow cooperation between HEP engines for 2D, 3D and photo-realistic rendering, geographical information systems engines for digital terrain modeling and coordinate geometry, a solids modeling engine for full parametric design, and an engine for dimensional constraint management. Ditek has moved the sales of its DynaCADD-based products to mass distribution e-commerce channels. As a result, DynaCADD and applications powered by DynaCADD are now widely available on on-line stores including Dell, AECInfo, Bid.Com, beyond.com, Netscape and Ditek's own Web site. "Ditek is succeeding in selling its product lines worldwide into the $7 billion CAD market, Adding imagery to their line of products makes sound business sense." said Ian Basford, President of Axion Spatial Imaging Inc. Except for the historical information presented herein, the matters set forth in this press release are forward looking statements within the meaning of the "safe-harbor" provision of the Private Securities Litigation reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements. |
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